Security News > 2021 > August > SolarWinds urges US judge to toss out crap infosec sueball: We got pwned by actual Russia, give us a break
SolarWinds is urging a US federal judge to throw out a lawsuit brought against it by aggrieved shareholders who say they were misled about its security posture in advance of the infamous Russian attack on the business.
Financial newswire Reuters reported that the suit was originally filed over allegations that former SolarWinds chief exec Kevin Thompson cut cybersecurity efforts in the hope of driving greater dividends into the pockets of major investors, Silver Lake and Thoma Bravo, who each reportedly held around 40 per cent of SolarWinds' stocks at the time.
In the wake of the attack, SolarWinds' share price crashed from $24.83 to $14.95.
SolarWinds' motion to dismiss the case also alleged that the infamous "Solarwinds123" password found on GitHub wasn't linked to the Russian attack, stating that the investors' legal team had not closely linked it to production systems used by the company.
SolarWinds was attacked and breached by Russian spies who used their illicit access to compromise SolarWinds' build servers.
The motion to dismiss was filed with the US District Court for Western Texas.